Christina Dwight
Looking to invest in Honolulu's multi-family market? Browse our current apartment building listings across O'ahu—from cash-flowing walk-ups in Kaimukī to value-add opportunities in Kaka'ako. As both listing broker and buyer representative, Christina provides access to on-market and off-market deals throughout Hawai'i.
$14,000,000
1650 Young Street, Honolulu, HI 96826
$13,650,000
2139 Kuhio Avenue 34th Floor, Honolulu, HI 96815
$12,000,000
3735 Diamond Head Road A, Honolulu, HI 96816
$10,235,000
1812 Anapuni Street, Honolulu, HI 96822
$10,235,000
2139 Kuhio Avenue 27th Floor, Honolulu, HI 96815
$9,150,000
1909 Kahakai Drive, Honolulu, HI 96814
$8,000,000
809 Kinau Street, Honolulu, HI 96814
$7,300,000
311 Puuhue Place, Honolulu, HI 96817
$6,999,900
2636 Maunawai Place, Honolulu, HI 96826
The Honolulu multi-family market offers unique investment opportunities—from stabilized income properties in established neighborhoods to repositioning plays in emerging districts. Below are select apartment buildings currently available for sale across O'ahu. Christina represents both buyers and sellers in these transactions, providing market intelligence on both sides of the deal.
HONOLULU APARTMENT BUILDING MARKET
Honolulu's multi-family market is experiencing a unique convergence of factors favoring sellers: historically low cap rates, strong buyer competition, and institutional capital seeking Hawai'i assets. Whether you're planning estate transitions, portfolio rebalancing, or 1031 exchanges, current market conditions provide exceptional exit opportunities. Christina Dwight helps property owners navigate timing decisions with confidential market analysis and strategic positioning that maximizes returns.
Marketing timeline varies based on property size, pricing strategy, and market conditions. Well-positioned properties with strong financials typically attract offers within 30-90 days. However, the complete transaction—from listing to close—averages 90-180 days due to buyer due diligence, financing, and closing coordination. Christina's targeted marketing approach identifies qualified buyers early, reducing time on market while maintaining confidentiality.
Not always. Strategic improvements that increase net operating income (NOI) can justify higher pricing, but costly cosmetic updates rarely provide equivalent returns in multi-family sales. Christina conducts a pre-listing analysis to identify high-impact improvements versus those better left to the buyer. In many cases, selling "as-is" to value-add investors maximizes net proceeds.
Confidentiality is critical in apartment building sales—especially to avoid alarming existing tenants or alerting competitors. Christina uses blind marketing materials, requires buyer NDAs before property disclosure, and controls all property access. Only financially qualified, serious buyers receive detailed information about your building.
Selling an investment property triggers capital gains taxes and depreciation recapture. However, a 1031 exchange allows you to defer taxes by reinvesting proceeds into replacement property. Christina works with experienced 1031 intermediaries and can help identify replacement properties that align with your investment goals. Consult your CPA for specific tax guidance.
Yes. Christina represents both property owners selling apartment buildings and investors acquiring them. This dual perspective provides unique market intelligence—understanding what buyers value most helps position seller properties effectively, while knowing seller motivations helps buyers structure competitive offers.
Honolulu's island geography creates natural supply constraints that protect apartment building values. Limited land availability, strict zoning, and high construction costs ensure new inventory remains scarce. Combined with consistent population growth and strong employment, these fundamentals support stable occupancy rates and rent appreciation. Multi-family properties here benefit from year-round demand and minimal seasonal vacancy fluctuations.
Honolulu's diverse, stable population drives consistent rental demand across all apartment building segments. The blend of local families, military personnel, tourism workers, and transplants creates a resilient tenant base. Multi-family properties near employment centers, schools, and transit benefit from low turnover and strong lease renewal rates—critical factors in maintaining stable cash flow.
Apartment buildings near Honolulu's dining, entertainment, and beach access command premium rents and attract quality tenants. Properties in walkable neighborhoods—Waikīkī, Kaka'ako, Ala Moana, Mānoa—benefit from lifestyle appeal that justifies higher per-unit pricing. Amenity-rich locations also attract out-of-state investors seeking turnkey, stabilized assets.
Honolulu's diversified economy—tourism, healthcare, military, government, and education—provides stable employment across income levels. The University of Hawai'i, military bases, and major healthcare systems ensure consistent demand for housing. Multi-family property owners benefit from a workforce that values rental flexibility and proximity to employers, supporting occupancy even during economic shifts.
Hawai'i's housing shortage creates persistent upward pressure on rents and property values. With new construction costs exceeding $500-700K per unit, existing apartment buildings represent more affordable entry points for investors. Limited land, environmental restrictions, and lengthy permitting processes mean supply will remain constrained—protecting long-term appreciation for current property owners.
Honolulu's expanding transit infrastructure—including the Skyline rail system—enhances accessibility and increases property values along key corridors. Apartment buildings near H-1, TheBus routes, and future rail stations benefit from improved tenant access to employment centers and amenities. Transit-oriented properties attract premium pricing from investors anticipating continued infrastructure development.
Don’t leave money on the table. Make sure you’re getting the best value for your multifamily apartment property. CIS is THE expert in multifamily investments throughout Hawaii. Put our expansive market knowledge to work for you and your family. Lots of brokers do Everything: residential sales, warehouse, office, and industrial sales & leasing—any deal that walks in the door. At CIS, we specialize in multifamily. Unlike our competitors, who dabble in multiple sectors, we do not pretend to know everything to land every deal. Christina’s mission is to provide exemplary, personalized service for multifamily investors. She is laser-focused on providing the best marketing and exposure, identifying capable buyers, and proactively addressing their concerns so that the process is as stress-fee as possible. Christina can help you get the best deal, sell your property quickly, and make sure there are no loose strings after closing. Commercial Investment Strategies is the only firm in Hawaii exclusively engaged in apartment building buying and selling.
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